| TOP PICK | | CitiGroup | C-N | 45.030 | Financials will move up even when rates are rising. | 2004-07-09 | |
| TOP PICK | | Merrill Lynch & Co (US) | MER-N | 51.190 | Financials will move up even when rates are rising. | 2004-07-09 | |
| TOP PICK | | JP Morgan | JPM-N | 36.860 | Financials will move up even when rates are rising. Great dividend. | 2004-07-09 | |
| TOP PICK | | Intel | INTC-Q | 26.560 | Not a conservative play. Believes that the 50% accelerated tax depreciation will bring some demand in at the end of the year. | 2004-07-09 | |
| TOP PICK | | Cisco | CSCO-Q | 22.400 | Not a conservative play. Believes that the 50% accelerated tax depreciation will bring some demand in at the end of the year. | 2004-07-09 | |
| TOP PICK | | Motorola | MOT-N | 17.470 | Not a conservative play. Believes that the 50% accelerated tax depreciation will bring some demand in at the end of the year. | 2004-07-09 | |
